High-profile crypto trader James Wynn recently suffered a $17.5 million liquidation.
After blaming market manipulation, he raised $54K in donations for new trades.
The events occurred on Hyperliquid, which saw a record $200M in liquidations.
The decentralized exchange Hyperliquid experienced its largest-ever liquidation day, with over $200 million in leveraged positions wiped out in a storm of volatility.Pseudonymous trader James Wynn, once riding a $100 million unrealized profit, is now licking the wounds of a $17.5 million account loss.
After placing a $1 billion long bet on Bitcoin with 40x leverage, Wynn’s prediction of BTC surging to $115,000 fell short. The market reversed, taking down not only Wynn’s position but also his $40 million bets on memecoins like PEPE, TRUMP, and FARTCOIN.
Hyperliquid: A Lesson for Aggressive Traders
Despite claiming to quit perp trading, Wynn made a dramatic return within days, this time asking followers for donations to “fight the market making cabal.”
Wallet analysis shows over $54,000 in donations, which he used to open a new 40x BTC long on Hyperliquid, coming within $70 of liquidation before narrowly esc…
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